Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Short Interest Up 50.8% in August

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 308,419 shares, an increase of 50.8% from the July 30th total of 204,465 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 163,244 shares, the short-interest ratio is currently 1.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of Fidelity MSCI Health Care Index ETF by 66.8% during the first quarter. Royal Bank of Canada now owns 57,609 shares of the company’s stock valued at $3,936,000 after purchasing an additional 23,077 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Fidelity MSCI Health Care Index ETF by 1,276.5% during the first quarter. Goldman Sachs Group Inc. now owns 110,807 shares of the company’s stock valued at $7,570,000 after purchasing an additional 102,757 shares in the last quarter. Jane Street Group LLC lifted its holdings in Fidelity MSCI Health Care Index ETF by 747.8% in the first quarter. Jane Street Group LLC now owns 31,978 shares of the company’s stock worth $2,185,000 after purchasing an additional 28,206 shares during the period. Focus Partners Wealth lifted its holdings in Fidelity MSCI Health Care Index ETF by 3.1% in the first quarter. Focus Partners Wealth now owns 6,618 shares of the company’s stock worth $452,000 after purchasing an additional 196 shares during the period. Finally, Baird Financial Group Inc. bought a new position in Fidelity MSCI Health Care Index ETF in the 2nd quarter valued at about $319,000.

Fidelity MSCI Health Care Index ETF Price Performance

FHLC stock traded up $0.53 on Tuesday, reaching $83.26. The company’s stock had a trading volume of 60,321 shares, compared to its average volume of 197,916. Fidelity MSCI Health Care Index ETF has a 52 week low of $64.30 and a 52 week high of $85.46. The company has a market capitalization of $3.47 billion, a P/E ratio of 21.23 and a beta of 0.59. The firm has a fifty day moving average of $79.92 and a two-hundred day moving average of $74.77.

About Fidelity MSCI Health Care Index ETF

The Fidelity MSCI Health Care Index ETF (FHLC) is an exchange-traded fund that is based on the MSCI US IMI 25\u002F50 Health Care index, a market-cap-weighted index of stocks in the broad US health care sector. FHLC was launched on Oct 21, 2013 and is managed by Fidelity.